Live-Work Light Industrial
1415 Lloyd Price Avenue Kenner, LA 70062
For Sale
$215,000
Zoned Light Industrial with a 1-bedroom, 1-bath home, office area, dual gated access, and RV hookup-ready utilities.
Property Size961 SF
Price / SF$223.73
Days on Market110
Property Features for 1415 Lloyd Price Avenue
General Information
- Standard status
- Active
- Size
- 961 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency:
Keller Williams Realty 455-0100
(504) 417-1107
Listed By:
Jeffery Frederick · License #995683448
(504) 417-1107
Source:
Nolalivingrealty
Added: Apr 6
Changed: Jul 23
Last Checked: Jul 23 at 4:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty 455-0100
Investment Insights
Based on property information with market context.
Zoned Light Industrial, this versatile live-work/flex property includes a 1-bedroom, 1-bath home with 961 square feet. Inside, the layout features a spacious kitchen, tray ceilings, and a vaulted living area, along with a separated room suitable for an office and ample interior storage.
Outside, the property is designed for practical access and storage. A tall gated fence and covered rear parking support day-to-day usability, while dual gated access provides flow to the rear yard and additional open space. The reinforced concrete driveway is described as 6-inch thick and intended to accommodate larger vehicles and equipment. The rear yard also includes RV hookups with 50-amp electrical service plus water and sewer connections.
This setup is intended to support multiple day-to-day needs under a Light Industrial zoning framework, combining residential living features with dedicated space for professional use and on-site utility hookups.
Outside, the property is designed for practical access and storage. A tall gated fence and covered rear parking support day-to-day usability, while dual gated access provides flow to the rear yard and additional open space. The reinforced concrete driveway is described as 6-inch thick and intended to accommodate larger vehicles and equipment. The rear yard also includes RV hookups with 50-amp electrical service plus water and sewer connections.
This setup is intended to support multiple day-to-day needs under a Light Industrial zoning framework, combining residential living features with dedicated space for professional use and on-site utility hookups.
Key Highlights
- Zoned Light Industrial with a 1‑bedroom, 1‑bath home and 961 SF of living space
- Flexible interior includes a vaulted living area, tray ceilings, a separated office room, and ample interior storage
- Exterior features tall gated fencing and dual gated access for flow to the rear yard
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.7k | $22.56 |
| − Vacancy | −$3.9k | −$4.06 |
| EGI | $17.8k | $18.50 |
| − OpEx | −$4.4k | −$4.62 |
| NOI | $13.3k | $13.87 |
961 SF · lease $22.56/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.5K
$166.7K – $222.2K
NOI $13,333 @ 7.0% cap · market cap 6.20%
Second Best
Mixed Use
$181.2K
$158.6K – $211.4K
NOI $12,685 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Zoned Light Industrial with a 1-bedroom, 1-bath home, office area, dual gated access, and RV hookup-ready utilities.
Where is this live-work space located?
The property is located at 1415 Lloyd Price Avenue Kenner, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Zoned Light Industrial with a 1‑bedroom, 1‑bath home and 961 SF of living space; Flexible interior includes a vaulted living area, tray ceilings, a separated office room, and ample interior storage; Exterior features tall gated fencing and dual gated access for flow to the rear yard
